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Single VT Templates for CIOS and SCIOs (periods commencing in 2016)

Single charity templates are NOT available in 'large' formats, as defined in the SORP. For such charities, which have income in excess of £500,000, you should purchase one of the bundles. Click to go to bundles

Single Charity templates for the FRS102 SORP (modified in 2016):-

FRS 102 SORP 15 (as modified in 2016) single charity templates for for CIOs or SCIOs that have income less than £500,000 (ie defined as 'small' in the SORPs

The bundles which are shown on separate product pages are licensed to prepare an unlimited number of accounts for an unlimited number of charities within the license year.Templates for 'large' charities are NOT available as single templates.

By contrast :-

The single charity templates in this category are licensed ONLY for one charity on ONE computer for one year from the date of purchase., and must NOT be used for additional charities without breaching the licence conditions. This restriction is reflected in the pricing structure for the templates.

Content of the templates

The templates in this category are identical to the bundled templates, except they are restricted in their application to charities that are registered as CIOs (or SCIOs in Scotland), and have been tailored accordingly. This means that a number of steps in the STEPs process have been suppressed and do not apply, making the process a little shorter.

The single charity templates are also restricted in that they apply to the particular jurisdiction indicated (ie England & Wales, Scotland or Northern Ireland).

The templates have security routines built into them that may produce unpredictable and unsatisfactory results, if used for more than one charity, outside the terms of the licence.

Application

 To use these products, users must have the 'VT Software' add on to Excel installed on their computer. Excel must be Excel 2003 or higher, but not in the 64 bit edition. Any Windows operating system from Windows XP or above will be suitable.

These templates are used to prepare a FRS102 SORP 15 (as modified in 2016) compliant set of accounts. They work in conjunction with VT Software, and require a good working knowledge of Excel and VT software.

The templates normally apply for accounting periods commencing on or after 1st January 2016. However, they can be adopted for earlier periods. commencing on or after January 1st 2015.

The FRSSE  SORP 2015 was withdrawn for accounting periods commencing AFTER 31st December 2015. and the modified FRS102 SORP 2015 MUST be used for such periods.

Early adoption should be very carefully thought through, however, particularly in England & Wales. The modified version changes the defintion of small charities. In the unmodified version that applies for 2015, smaller charities are defined as those not subject to statutory audit. In the modified version, small charities are defined as those with gross income below £500,000. This means that a charity in England & Wales with income between £500,000 and £1m would be small under the unmodified version and large under the modifed version. Because this has implications for disclosure requirements, we would normally recommend that such charities use the FRSSE SORP 2015 for accounts commencing in 2015 and then migrate to the modified version of FRS102 for the accounts commencing in 2016. There are also some changes in the modified version relating to the mandatory accounting treatments that should be followed.

The templates cannot be used after one year, unless a renewal licence fee is paid.

If you want to use the templates on more than one computer, then significant discounts are available for additional licences, and you should contact Sorpaid for details.

Video Help

The templates have extensive video files showing how they are installed and how they should be used. These can be viewed before purchase by clicking on the link Video Help

An unsolicited testimonial received on 5th January 2015 :- 

 

 I really do think that the template is brilliant and even essential for proper charity accounts preparation.

Products in this Category
FRS 102 SORP 2015 (2016 modification) E&W SMALL CIO no endowment funds: £60.00
FRS 102 SORP 2015 (2016 modification) SCOT SMALL SCIO no endowment funds: £60.00
FRS 102 SORP 2015 (2016 modification) NI SMALL CIO - no endowment funds: £60.00
FRS 102 SORP 2015 (2016 modification) E&W SMALL CIO- WITH Endowment funds: £60.00
 
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